All Forum Posts by: Travis Sperr

@Joseph Williams unless you are doing a significant amount of business the structure you are looking for is overkill and likely is unnecessary even if you are. Further there is no reason to have a Wyoming entity unless you are doing business in Wyoming. 

Sorry if I am jumping to conclusions but it seems like you got bad advice from someone selling something.  

I'd file that away until about 2019-20 and see if it falls true. Like many other whom have predicted the future, including but not limited to the Mayans end of the world campaign, it gets people excited and talking about it. Too often the times come and go without the prediction being correct. 

Lower prices wouldn't hurt our market - it is expensive, 10% year over year increases for going on almost 5 years can't go forever. Long term buy and hold - values don't matter much if you aren't planning to sell.

Invest Wisely.

@Will Waterman thank you for sharing!

@Matt Rosenbohm I have had this same internal conversation more and more frequently lately .

The math will always indicate that buying more is better - more appreciation, higher rent rolls, easier to grow net worth, etc. So getting cash out and buying more is the easy spreadsheet answer. But because you asked the question and considered option number 3 there is something in your gut that says it may not be what is best for you. 

Assuming you plan to stay invested in Northern Co - I think you will find that once you start looking to buy more rentals that the deals don't perform as well as what you have already purchased with out increasing your overall debt for down payments. If you are going to 1031 - explore a reverse exchange - in a competitive market it allows you to be more selective and not forced by the timeline to buy a marginal deal. 

Going to a bigger apartment deal (assuming in CO) are trading at such low cap rates and in a raising rate environment isn't that attractive to me. I have preferred a larger portfolio of 1-4 units - easier to liquidate if you need to sell just one building. 

Option 3 isn't out of the question - sure it doesn't provide the highest cash on cash or return on equity - but it does provide easy steady income for the future. I am paying off properties now - once I achieved the monthly gross cash flow I wanted it makes sense to me to preserve it and take my foot off the gas on acquisition.

One last thought - You mentioned not spending a lot of time on your portfolio until recently - I was guilty of the same and found that if I more effectively manage the properties I already own - I was better off than buying additional units.

Just one persons opinion  - good luck!

@Derek Boone depending on how the trust is structured, I am not sure you are going to get this done without seasoning. Good Luck.

@Jestin Sorenson with all due respect, you don't know what you are doing. And if you are willing to take legal advice from an online forum because someone is rushing you to make a decision, you won't be in this business very long. 

You will not be able to foreclose from your position in what you are bassicllay describing as a fractionalized note. Further a Foreclosure in MN takes almost a year and will cost more than your investment. 

I have never met a successful investor that needed to meet a random person at a reia to raise such a small amount of money. He should be able to get $7k on a credit card without having to "bring in an investor". 

You would literally be better off betting this money on a roulette table. 

Good luck. 

don't do this deal. It likely isn't secured and anyone looking to borrow such a small amount is either not savvy or broke. Also no one would pay that type of return unless they were in trouble. You need more experience before you consider lending your money to other investors. 

never heard of em. 

Seeing more and more interesting offers but no idea what's closing. 

Do you like making money and growing your business?

Would you jump at an opportunity to experience a full day of learning from the best in the business, with NO sales pitches?

Do you want to network with other investors and get the inside scoop on the state of the market, here and now?

Then you need to join Pine Financial Group and Your Castle Real Estate, May 6th for their semiannual Real Estate Investor Success Summit!

When
Saturday, May 6, 2017 from 8:30 AM to 5:00 PM MDT

Where

PPA Events Center
2105 Decatur Street
Denver, CO 80211

REGISTER HERE

If a line of credit would work, I would try key bank, elevations credit union and FirstBank in that order. 

It also depends if you want to get more out than you put down and if it is investment or owner occ. 

@Derek Boone it may be helpful to share what you are looking to accomplish. All banks have different appetites for different products. I go to a different bank for each of the following; line of credit vs new construction vs rental property financing.